St George Bank
As the four big banks continue to act as a law unto themselves it’s time for Wayne Swan to match the tough talk with tough action, especially in relation to our competition laws.
We have some of the weakest competition laws in the world and that’s why we’re now in this mess with the four big banks.
The simple reality is that Wayne Swan and the ACCC have allowed the four major banks to get as big as they. The ACCC and, ultimately Swan failed to stop Westpac from taking over St George and that was after years of failing to stop the four big banks from taking over the smaller banks.
Continue reading "How Swan can actually make the banks pay" »
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